The two largest supermarkets in the U.S. recently announced a merger that would exponentially grow their fleet operations. Kroger and Albertsons, the number one and two respectively, entered into a deal that has Kroger purchasing Albertsons’ stocks for $24.6 billion.
“We are bringing together two purpose-driven organizations to deliver superior value to customers, associates, communities, and shareholders,” Kroger Chairman and Chief Executive Officer Rodney McMullen reportedly said.
Combining the Kroger and Albertsons fleets would reportedly tally 2,400 tractors. Walmart would remain the largest retail fleet operator with over 10,000 tractors.
In 2021, Kroger generated the most grocery store revenue at $136.49 billion and Albertsons topped $71.87 billion. Their combined resources would include nearly 5,000 stores, 66 distribution centers, 2,015 fuel centers, 52 manufacturing plants, and upwards of 710,000 employees.
Saia LTL Freight Expected to Build Facility in Duluth
Saia LTL Freight has reportedly entered into a land purchase at the Atlas Industrial Park in Duluth, Minnesota, to build a 10-door freight facility on 3.4 acres of land. The less-than-truckload operation was founded in 1924 in Houma, Louisiana, hauling interstate loads to and from Texas. The organization is now headquartered in Johns Creek, Georgia, with assets that include 185 terminals and more than 12,000 employees.
Quantix Purchases G&W Tanks
Quantix, a portfolio company of Wind Point Partners, recently acquired G&W Tanks. The ISO tank transporter enjoys 45 trucks and provides services that include repair, storage, and loading services. ISO tanks are typically used to move bulk liquids.
Quantix already has an established footprint in Charleston, S.C., and Savannah, Georgia. The acquisition further solidifies its presence across the Southeastern U.S.
“G&W is a terrific addition to the Quantix family of companies, and we congratulate owners Tom Oppold and Tracy Earp on the strong business they have built,” Chris Ball, President and CEO of Quantix, reportedly said. “The Company’s culture aligns well with the Quantix approach to customer service and our vision for continued expansion, including aggressive growth of the ISO tank container market which holds tremendous opportunity for our business.”
Wind Point actively invests in transportation, logistics, and route-based businesses such as Dicom Transportation, STG Logistics, American Trailer Rental Group, Valicor Environmental Services, Smart Care, and D&H United.
Yellow Consolidation Plan To Improve Trucker Lifestyle
Yellow Corp. reportedly plans to combine its New Penn and Holland operations with the YRC Freight network to build a regional infrastructure that can handle one- and two-day deliveries nationwide.
The bold multiyear plan would merge 22 locations in the Eastern U.S., Midwest, and South, creating 35 shorter-haul facilities. Although some terminal downsizing is expected, Yellow would create nearly 1,000 truck driver positions with routes of approximately 175 miles. Companies leaders recognize the challenges OTR truckers experience. This system would allow many to return home after completing their responsibilities.
Sources: duluthnewstribune.com, ccjdigital.com, freightwaves.com
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